Friday, April 20, 2012

Trickle down not working in UK or anywhere else

Renegade Economist tweets and answers: "Do income tax cuts for the rich make us all richer?  See dismal evidence showing this is not true," with a link to this:

and this, showing UK's top 1% through the ages & with projections backward and forward:

and here is the UK's top 1% compared to a few other places:
The author concludes: "The argument that giving the moneyed elite more money will make everyone wealthier manages to ignore the roaring evidence of the past."

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